The Failure of Ayn Rand’s Objectivism

https://youtu.be/ACkiKVtF3nU

I have watched this installment of “Frontline” three, or maybe even four, times since it first aired in 2009. If anything I think it goes easy on Bill Clinton, by not pointing out that at the end of his administration he agreed to ending the Glass-Steagall Act.

Mr. A by Ditko

Steve Ditko’s take on Ayn Rand’s philosophy deals with good vs. evil in terms of violent criminal activity, as you would expect from a comic book creator. As covered in the Frontline documentary, former SEC chairman Alan Greenspan adopted the extreme free market aspect of Rand’s Objectivism, as you would expect from an economist.

I like to think the fictional Mr. A would agree with me that what the Wall Street banks did by taking advantage of deregulation to commit legal fraud, in both its intent and the outcome of ten years ago, was corrupt and evil. Therein is what I see as the inherent irony of Ayn Rand’s philosophy.

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